Zacks Research Expects Higher Earnings for Bank of America

Bank of America Co. (NYSE:BAC) – Investment analysts at Zacks Research raised their Q2 2025 earnings per share estimates for shares of Bank of America in a report issued on Tuesday, December 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $0.88 for the quarter, up from their previous estimate of $0.87. The consensus estimate for Bank of America’s current full-year earnings is $3.27 per share. Zacks Research also issued estimates for Bank of America’s Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $3.49 EPS, Q2 2026 earnings at $0.96 EPS and FY2026 earnings at $3.89 EPS.

A number of other brokerages have also weighed in on BAC. Keefe, Bruyette & Woods increased their target price on shares of Bank of America from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Morgan Stanley lowered Bank of America from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $48.00 to $55.00 in a report on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $46.00 price objective on shares of Bank of America in a research note on Wednesday, October 9th. Wells Fargo & Company raised their target price on Bank of America from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Bank of America from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $45.92.

Bank of America Price Performance

Shares of NYSE BAC opened at $44.17 on Thursday. The stock has a fifty day simple moving average of $44.78 and a two-hundred day simple moving average of $41.65. Bank of America has a 1-year low of $31.27 and a 1-year high of $48.08. The firm has a market cap of $338.91 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.55 and a beta of 1.33. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.09.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $25.30 billion for the quarter, compared to analyst estimates of $25.25 billion. Bank of America had a return on equity of 10.09% and a net margin of 12.48%. Bank of America’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, December 6th. Bank of America’s dividend payout ratio (DPR) is currently 37.82%.

Insider Activity

In other Bank of America news, major shareholder Berkshire Hathaway Inc sold 8,694,538 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $42.55, for a total transaction of $369,952,591.90. Following the completion of the transaction, the insider now owns 766,305,462 shares in the company, valued at $32,606,297,408.10. This trade represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 39,835,159 shares of company stock worth $1,609,712,663 over the last quarter. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Bank of America

Several institutional investors have recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Bank of America during the 2nd quarter valued at $27,000. POM Investment Strategies LLC boosted its stake in shares of Bank of America by 839.0% during the second quarter. POM Investment Strategies LLC now owns 723 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 646 shares during the period. Kennebec Savings Bank purchased a new stake in shares of Bank of America during the third quarter valued at $29,000. Christopher J. Hasenberg Inc grew its holdings in shares of Bank of America by 525.9% in the third quarter. Christopher J. Hasenberg Inc now owns 1,014 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 852 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Bank of America in the 3rd quarter worth about $45,000. Institutional investors own 70.71% of the company’s stock.

Bank of America Company Profile

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.